JAFCO Group Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Keisuke Miyoshi) announces that its managed funds (JAFCO BO7 Investment Limited Partnership and JAFCO SV7-S Investment Limited Partnership, hereinafter collectively referred to as "JAFCO") have transferred all of their shares in C&J HD Co., Ltd. (hereinafter referred to as "C&J HD") to Kandenko Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Hirofumi Tamo, hereinafter referred to as "Kandenko"). C&J HD is a special purpose company established for the purpose of holding shares in GCU Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Yuan Fei, hereinafter referred to as "GCU"). GCU provides IT services such as IT consulting, system development, business operation support, and quality assurance. Since its founding in 2015, GCU has provided a wide range of services from IT consulting, including planning and promotion of new businesses and services, to system development, quality assurance, and operations, based on its deep technical expertise, supporting customers' DX promotion. In June 2023, JAFCO made a capital investment in GCU through C&J HD. Since then, JAFCO has promoted the strengthening of its management control system, talent acquisition and organizational development, and the expansion of its sales base utilizing JAFCO's network. Furthermore, in December 2023, Grand Unit Co., Ltd., which has strengths in projects for government agencies and major financial institutions, was integrated into the group, and subsequent business integration was promoted. As a result, GCU has evolved into an IT service company with a customer base in both the private sector and the public sector, strengthening its business foundation for further growth. This share transfer was decided upon because Kandenko is considered the optimal partner, anticipating the creation of new growth opportunities through collaboration with the Kandenko Group for the further sustainable growth of GCU. JAFCO